How's the Market?
Is it the weather? Beach sales (and high end sales in general) are heating up!
In Montecito, the luxury market is seeing a significant increase in activity compared to last year and on the beach, three recent sales have us feeling like it’s 2021 again!
Here are the highlights:
In Santa Barbara County there are approximately 33 Active Listings above $10M
So far this year there have been 10 sales over $10M
All of the sales in the luxury market have taken place in Montecito
The largest sale has been 875/885 Park Lane; which sold off market for $33.8M
There have been 3 sales above $30M so far this year
5 of the 11 sales so far have taken place off market
Padaro and Miramar Beach both had sales in the +/-$20M range in the last 30 days
Discover the latest luxury property to hit the market last week: a breathtaking Spanish Colonial estate that has been thoughtfully reimagined. With a Guest House, pool, custom cedar hot tub, bespoke finishes and more, this property epitomizes the essence of understated luxury and privacy in Montecito. Explore the unique story of this show-stopping retreat below.
What Happened in Montecito Last Week?
April 14th - April 20th
If you have not noticed, several new fitness facilities have opened up in Montecito recently. One of the latest - The Longevity Club. This fitness club is dedicated to enhancing health and longevity through the pioneering Medicine 3.0 approach. This club provides a tailored plan of care to address individual health needs and combat major health risks such as Cardiovascular Disease and Cancer. Situated in the heart of Montecito, the facility offers cutting-edge, research-based therapies designed to improve overall well-being and longevity.
Click below to learn more!
